PHOENIX, June 3, 2014 /PRNewswire/ -- Vivint Solar, a leading provider of residential solar energy systems in the United States, today announced that it has expanded into the Phoenix, Arizona area with two new offices. This is the company's first business expansion into the Grand Canyon State and is planning to hire approximately 100 employees and direct sellers to begin providing its affordable solar energy system lease solutions to homeowners.

"Arizona is well-suited for distributed solar energy generation, and we believe our lease offering will work well in the Phoenix area," said Chance Allred, vice president of sales at Vivint Solar. "We think giving residents another choice for their energy needs is a net win for their bottom lines."

With a Vivint Solar lease, Phoenix homeowners can lock in a fixed monthly lease payment for a rooftop solar energy system with no down payment or upfront costs for installation and permitting. Vivint Solar leases include a solar energy production guarantee and provide a credit to the homeowner in the event the solar energy system does not meet the annual energy production guarantee. The lease can mitigate risks and push the rewards along to customers.

As a result, the electricity generated by the solar energy system provides Phoenix homeowners with electricity costs that are typically below the prevailing electric utility rates. For more information on Vivint Solar's lease, please visit: http://www.vivintsolar.com/en/state/arizona.

About Vivint Solar

Founded in 2011, Vivint Solar is a leading provider of residential solar energy systems in the United States. Vivint Solar designs, installs, and maintains cost-effective solar energy systems. Through a power purchase agreement (PPA) or solar energy system lease, a homeowner can use the power generated by a solar photovoltaic system and pay a lower rate than the prevailing electric utility provider. For more information, visit www.vivintsolar.com or follow @VivintSolar.